Demand from Public Cloud Service Providers and Private Cloud Adopters Will Drive Strong Growth for Full Range of Storage Solutions, According to IDC

©IDG Communications, Inc. Photo contributed by Matthew Mikaelian.

Business Wire

FRAMINGHAM, Mass.– Cloud computing will be a key driver of net new IT spending over the next five years as public cloud service providers and the adopters of private cloud environments invest in the supporting infrastructure. According to a new forecast from International Data Corporation (IDC), overall spending by public cloud service providers on storage hardware, software, and professional services will grow at a compound annual growth rate (CAGR) of 23.6% from 2010 to 2015, while enterprise spending on storage for the private cloud will experience a CAGR of 28.9%. By 2015, combined spending for public and private cloud storage will be $22.6 billion worldwide.

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